State insurance commissioner blasts Anthem for rate increaseSacramento Business Journal

January 9, 2013

California Insurance Commissioner Dave Jones took to the bully pulpit Tuesday to blast Anthem Blue Cross for a Jan. 1 rate increase for small employers as “unreasonable.” Factoring in benefit reductions, Jones told reporters the average 12-month rate increase amounts to 10.6 percent for thousands of small business preferred-provider organization policyholders. A review of the filing showed the actuarial base was too high and the rates “excessive,” he said.